Belayim Petroleum Company (Petrobel) has submitted an early termination of the Trident 16 contract with Shelf Drilling, according to a statement.
Earlier this year, Petrobel allowed a one-year extension for the Trident 16 jack-up rig contract to end on February 2021. However, due to the latest updates, the contract will be terminated in August 2020. The original contract was awarded back in February 2019 to operate in the Gulf of Suez.
Shelf Drilling Offshore Company is the world’s largest contractor of jack-up rigs focusing on shallow water. The company is headquartered in Dubai and has rig operations across Southeast Asia, India, West Africa, Middle East, North Africa, and the Mediterranean.